Five Star Tax Resolution

What To Look For In Tomorrow’s Republican Presidential Candidates' Debate

Will a Ronald Reagan-like candidate emerge from among all the Republican presidential aspirants? Here’s what to look for in tomorrow night’s GOP debate.

What To Look For In Tomorrow’s Republican Presidential Candidates' Debate Will a Ronald Reagan-like candidate emerge from among all the Republican presidential aspirants? Here’s what to look for in tomorrow night’s GOP debate.

Tax Regs Address Overwithholding With Qualified Derivatives Dealers Exemption

Carrie Brandon Elliot addresses rules for qualified derivatives dealers in reg. section 1.871-15(q).

Tax Regs Address Overwithholding With Qualified Derivatives Dealers Exemption Carrie Brandon Elliot addresses rules for qualified derivatives dealers in reg. section 1.871-15(q).

IRS Delays Hawaii Wildfire Victims Tax Filing & Payments To Feb. 15

IRS extends tax filing and payment deadlines from Aug. 8, 2023, through Feb. 15, 2024 for businesses and individuals impacted by Hawaii wildfires.

IRS Delays Hawaii Wildfire Victims Tax Filing & Payments To Feb. 15 IRS extends tax filing and payment deadlines from Aug. 8, 2023, through Feb. 15, 2024 for businesses and individuals impacted by Hawaii wildfires.

IRS Criminal Investigation Identifies Special Agent Killed In Training Incident

IRS Criminal Investigation officials have identified the individual killed on Aug. 17 in a training incident in Phoenix.

IRS Criminal Investigation Identifies Special Agent Killed In Training Incident IRS Criminal Investigation officials have identified the individual killed on Aug. 17 in a training incident in Phoenix.

Tax Court Judge Suggests Glue Factory For Retired Thoroughbred Horses

Is Tax Court telling thoroughbred owners they need to turn retired horses into pet food to be counted as businesslike?

Tax Court Judge Suggests Glue Factory For Retired Thoroughbred Horses Is Tax Court telling thoroughbred owners they need to turn retired horses into pet food to be counted as businesslike?

ERC And The Dangers Of An IRS Examination

Taxpayers must prepare for an audit of ERC Claims because they may lose the opportunity to deduct wages.

ERC And The Dangers Of An IRS Examination Taxpayers must prepare for an audit of ERC Claims because they may lose the opportunity to deduct wages.

One-Year Anniversary Refresher On The IRA’s Tax Changes

Tax Notes contributing editor Carrie Elliot provides an overview of the IRA’s tax-related provisions and subsequent guidance to commemorate its one-year anniversary.

One-Year Anniversary Refresher On The IRA’s Tax Changes Tax Notes contributing editor Carrie Elliot provides an overview of the IRA’s tax-related provisions and subsequent guidance to commemorate its one-year anniversary.

Missing Billions? Potential Problems Of Omitting Tax Expenditures

Robert Goulder of Tax Notes and Don Susswein, Tony Coughlan, and Kyle Brown of RSM US LLP discuss the exclusion of deferred capital gains as tax expenditures.

Missing Billions? Potential Problems Of Omitting Tax Expenditures Robert Goulder of Tax Notes and Don Susswein, Tony Coughlan, and Kyle Brown of RSM US LLP discuss the exclusion of deferred capital gains as tax expenditures.

IRS Commissioner Says Extra Funding Resulted In Dramatically Improved Service To Taxpayers

IRS Commissioner Danny Werfel said that IRA funding has made an immediate, meaningful difference in how the IRS serves taxpayers, including hiring new employees.

IRS Commissioner Says Extra Funding Resulted In Dramatically Improved Service To Taxpayers IRS Commissioner Danny Werfel said that IRA funding has made an immediate, meaningful difference in how the IRS serves taxpayers, including hiring new employees.

Tax Court Case Shows What TikTok Isn’t Telling Taxpayers About Business Expenses

A recent Tax Court examined what taxpayers need to know about business expenses that they're not hearing on social media—including that they must be ordinary & necessary.

Tax Court Case Shows What TikTok Isn’t Telling Taxpayers About Business Expenses A recent Tax Court examined what taxpayers need to know about business expenses that they're not hearing on social media—including that they must be ordinary & necessary.

The Employee Retention Credit: Scams And Successes

Tom Cullinan, a former IRS official now with Chamberlain Hrdlicka, discusses the basics of the employee retention credit, the recent rise in misleading promotions and fraudulent ERC claims, and the IRS’s response.

The Employee Retention Credit: Scams And Successes Tom Cullinan, a former IRS official now with Chamberlain Hrdlicka, discusses the basics of the employee retention credit, the recent rise in misleading promotions and fraudulent ERC claims, and the IRS’s response.

The OECD/G-20 Developing Country International Tax Mandate: Year 3

Nana Ama Sarfo takes a look at the OECD's latest report on developing countries and the inclusive framework.

The OECD/G-20 Developing Country International Tax Mandate: Year 3 Nana Ama Sarfo takes a look at the OECD's latest report on developing countries and the inclusive framework.

Trusts To Avoid California Tax Are Outlawed, Moving Away Still Works

For years, California residents have been forming trusts out of state so trust income isn't taxed by California. But a new law says these trusts must pay California tax.

Trusts To Avoid California Tax Are Outlawed, Moving Away Still Works For years, California residents have been forming trusts out of state so trust income isn't taxed by California. But a new law says these trusts must pay California tax.

Suspect In Tylenol Murders Dead At 76, Had Long-Time Tax Ties

The 1982 Tylenol poisonings captivated the country. A former tax preparer was suspected—but never charged—in the murders. He was convicted on related extortion charges

Suspect In Tylenol Murders Dead At 76, Had Long-Time Tax Ties The 1982 Tylenol poisonings captivated the country. A former tax preparer was suspected—but never charged—in the murders. He was convicted on related extortion charges

Feds Net Another Guilty Plea Related To Covid-Related Financial Fraud

In 2020, Congress passed the CARES Act intended to provide emergency financial assistance during the pandemic. Unfortunately, it also proved to be a magnet for fraud.

Feds Net Another Guilty Plea Related To Covid-Related Financial Fraud In 2020, Congress passed the CARES Act intended to provide emergency financial assistance during the pandemic. Unfortunately, it also proved to be a magnet for fraud.

Student Loan Payback Time: What You Need To Know And Do As Payments Resume

The federal moratorium that began with Covid ends on August 31. Borrowers can save money and avoid confusion by taking some key steps right now.

Student Loan Payback Time: What You Need To Know And Do As Payments Resume The federal moratorium that began with Covid ends on August 31. Borrowers can save money and avoid confusion by taking some key steps right now.

Supreme Court Case Renews Focus On Tax Challenges For Americans Living Abroad

This term, the Supreme Court will consider whether the "mandatory repatriation tax" is constitutional. It's a reminder of challenges Americans living abroad may face.

Supreme Court Case Renews Focus On Tax Challenges For Americans Living Abroad This term, the Supreme Court will consider whether the "mandatory repatriation tax" is constitutional. It's a reminder of challenges Americans living abroad may face.

A Canadian Tax That Americans Will Love To Hate

Tax Notes contributing editor Robert Goulder comments on Canada’s push for a digital services tax.

A Canadian Tax That Americans Will Love To Hate Tax Notes contributing editor Robert Goulder comments on Canada’s push for a digital services tax.

Why Should We Have To Pay Somebody To Help Us File A Tax Return?

A paltry 3.3 million filers used the agency’s Free File system, the troubled joint IRS-industry effort to create a no-cost way to prepare a return.

Why Should We Have To Pay Somebody To Help Us File A Tax Return? A paltry 3.3 million filers used the agency’s Free File system, the troubled joint IRS-industry effort to create a no-cost way to prepare a return.

Why There Are Ads About The Hydrogen Tax Credit Rules

Marie Sapirie examines the development of guidance implementing the clean hydrogen credit under section 45V(f) ahead of the August 16 deadline for its publication.

Why There Are Ads About The Hydrogen Tax Credit Rules Marie Sapirie examines the development of guidance implementing the clean hydrogen credit under section 45V(f) ahead of the August 16 deadline for its publication.

Private Company Stock Option Exercise Strategies: 5 Rules Of Thumb

Stock options in startup companies can be very profitable in the long term, but they come with special risks. Here are planning rules of thumb from an expert advisor.

Private Company Stock Option Exercise Strategies: 5 Rules Of Thumb Stock options in startup companies can be very profitable in the long term, but they come with special risks. Here are planning rules of thumb from an expert advisor.

Florida Lottery Ticket Wins $1.58 Billion, $493.5 Million After Taxes

The winner of the $1.58 billion jackpot has hefty taxes coming. IRS withholding takes $187,992,000 up front, and $101,829,000 more is due April 15, 2024.

Florida Lottery Ticket Wins $1.58 Billion, $493.5 Million After Taxes The winner of the $1.58 billion jackpot has hefty taxes coming. IRS withholding takes $187,992,000 up front, and $101,829,000 more is due April 15, 2024.

Inside 'Bidenomics': Unpacking The President's Tax Priorities

Tax Notes White House reporter Alexander Rifaat discusses the Biden administration’s economic plan called “Bidenomics” and its effect on tax.

Inside 'Bidenomics': Unpacking The President's Tax Priorities Tax Notes White House reporter Alexander Rifaat discusses the Biden administration’s economic plan called “Bidenomics” and its effect on tax.

Trump’s Wrong: Equal Rights Led To American Women’s Soccer Success

The US women's World Cup loss is tied to their impact on women athletes around the world, rooted in Title IX and other legal actions to secure equal rights for women.

Trump’s Wrong: Equal Rights Led To American Women’s Soccer Success The US women's World Cup loss is tied to their impact on women athletes around the world, rooted in Title IX and other legal actions to secure equal rights for women.

What You Need To Know About Electric Vehicle (EV) Tax Credits

Tax credits are available for owners of new and used electric vehicles (EVs). The rules can be complicated and depend on what kind of vehicle you buy and when you buy it.

What You Need To Know About Electric Vehicle (EV) Tax Credits Tax credits are available for owners of new and used electric vehicles (EVs). The rules can be complicated and depend on what kind of vehicle you buy and when you buy it.

Why The Fitch Downgrade Should Be A Wake-Up Call To Washington — Even If It’s Wrong

With deficits on track to increase in perpetuity under current policies, Washington can’t afford to keep hitting the snooze button.

Why The Fitch Downgrade Should Be A Wake-Up Call To Washington — Even If It’s Wrong With deficits on track to increase in perpetuity under current policies, Washington can’t afford to keep hitting the snooze button.

New Rules Make I-9 Process Simpler —But It’s Still Easily Overlooked

The I-9 requirement is probably the most overlooked form by many small employers.

New Rules Make I-9 Process Simpler —But It’s Still Easily Overlooked The I-9 requirement is probably the most overlooked form by many small employers.

African Cross-Border Trade Growth Demands Tax Transparency

Nana Ama Sarfo reviews the OECD's latest Tax Transparency in Africa report.

African Cross-Border Trade Growth Demands Tax Transparency Nana Ama Sarfo reviews the OECD's latest Tax Transparency in Africa report.

Can Cities Recover Their Pandemic Population Losses?

The Covid-19 pandemic caused major population losses in many US cities, but city populations appear to be stabilizing from increased immigration and more births.

Can Cities Recover Their Pandemic Population Losses? The Covid-19 pandemic caused major population losses in many US cities, but city populations appear to be stabilizing from increased immigration and more births.

IRS Announces Plans To (Almost) Go Paperless Beginning In 2024

IRS Commissioner Danny Werfel says the agency's paperless processing initiative builds on progress that has already begun, thanks to Inflation Reduction Act funding.

IRS Announces Plans To (Almost) Go Paperless Beginning In 2024 IRS Commissioner Danny Werfel says the agency's paperless processing initiative builds on progress that has already begun, thanks to Inflation Reduction Act funding.